The Populist Party, also known as the People's Party, was created initially as a farmer organization to discuss about the economic problems the government has caused for farmers. Later, they turned political as they discovered that they had more needs such as a secret ballot, income tax, etc. However in 1896, they didn't have enough money to run again, and thus, the party slowly diminished.
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The battle is significant in the course of World War II because it is seen as Hitler's last major offensive in the war. While the battle was intended to split Allied lines and force negotiated peace, American forces were able to contain the battle and inflict heavier losses on the German forces.